ECB Knot Says Interest Rate Can Be Lowered Further, If Needed: Report

There is nothing to prevent the European Central Bank from cutting interest rate below 0.75 percent, ECB policymaker Klaas Knot said in an interview to Financial Times Deutschland.

Knot, who heads the Dutch central bank, told the daily " should the situation worsen, there is no article of faith that would prevent us from going below 0.75 percent."

"Currently, 0.75 percent is appropriate," he was quoted as saying during the interview.

Last week, the ECB cut its main refinancing rate by a quarter point to a record low of 0.75 percent and the deposit rate was reduced to zero.